Hallador Energy Company (NASDAQ:HNRG) Given Consensus Rating of “Hold” by Analysts

Shares of Hallador Energy Company (NASDAQ:HNRG) have been assigned a consensus rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $22.6667.

A number of brokerages have recently issued reports on HNRG. Zacks Research downgraded shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Alliance Global Partners reaffirmed a “buy” rating on shares of Hallador Energy in a report on Tuesday, November 11th. Industrial Alliance Securities set a $28.00 price target on Hallador Energy in a research report on Tuesday, November 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hallador Energy in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded Hallador Energy from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th.

Hallador Energy Trading Down 3.0%

HNRG opened at $17.94 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.31 and a debt-to-equity ratio of 0.02. The firm has a market cap of $786.31 million, a price-to-earnings ratio of -4.00 and a beta of 0.23. Hallador Energy has a 12 month low of $8.37 and a 12 month high of $24.70. The stock has a fifty day moving average price of $19.65 and a 200-day moving average price of $19.06.

Hallador Energy (NASDAQ:HNRG) last posted its earnings results on Monday, November 10th. The energy company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.49. The company had revenue of $146.85 million for the quarter, compared to analyst estimates of $110.92 million. Hallador Energy had a positive return on equity of 33.97% and a negative net margin of 37.57%. As a group, equities research analysts anticipate that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Hallador Energy

In related news, Director Charles Ray Iv Wesley acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average price of $17.83 per share, for a total transaction of $356,600.00. Following the completion of the acquisition, the director directly owned 267,914 shares in the company, valued at $4,776,906.62. The trade was a 8.07% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 23.73% of the company’s stock.

Institutional Trading of Hallador Energy

Institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. raised its holdings in shares of Hallador Energy by 10.6% during the third quarter. American Century Companies Inc. now owns 1,184,873 shares of the energy company’s stock worth $23,188,000 after purchasing an additional 113,547 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in Hallador Energy in the second quarter valued at $18,735,000. Apis Capital Advisors LLC grew its position in Hallador Energy by 3.4% during the 3rd quarter. Apis Capital Advisors LLC now owns 854,000 shares of the energy company’s stock worth $16,713,000 after purchasing an additional 28,000 shares during the period. CenterBook Partners LP raised its stake in shares of Hallador Energy by 2,371.9% during the 2nd quarter. CenterBook Partners LP now owns 786,671 shares of the energy company’s stock valued at $12,453,000 after buying an additional 754,846 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Hallador Energy by 8.8% in the 2nd quarter. Geode Capital Management LLC now owns 759,770 shares of the energy company’s stock valued at $12,029,000 after buying an additional 61,666 shares during the period. 61.38% of the stock is currently owned by institutional investors and hedge funds.

About Hallador Energy

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.